395 Redding Rd APT 87LexingtonKY40517
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lexington at 395 Redding Rd APT 87, Lexington, KY, 40517 uses $65,969 cash to close to unlock $958/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,547/mo, and a $974/mo payment keeps the spread at $80/mo. Purchase price stands at $199,000, and rental yield measures 9.33% with $1,547/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 112.17% and total cumulative return in cash records $73,998. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,547/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$256 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40517, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,305 (100%) |
| Owner Occupied HU | 6,738 (34.9%) |
| Renter Occupied HU | 11,295 (58.5%) |
| Vacant Housing Units | 1,272 ( 6.6%) |
| Median Home Value | $224,669 |
| Average Home Value | $262,715 |
Housing Distribution
Address Breakdown
Residential
18,128
Single Family
12,959
Multi-Family
5,169
Businesses
538
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Listed by: N Seth Parker • Lifstyl Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25004233
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.